Spring Valley, Nevada Income Statistics
Spring Valley Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Spring Valley Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,098 | $78,637 | $80,455 |
| Median Personal Income | $52,298 | $54,226 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.9% | 4.8% |
| Six-Figure Earners | 10.8% | 11.7% | 13.9% |
| $200k+ Households | 9.5% | 10.9% | 13.2% |
The median household income in Spring Valley is about 6% lower than in Nevada. Income has been growing slower in Spring Valley (4.5%/yr) than in Nevada (4.9%/yr).
About 11% of adults in Spring Valley earn six figures ($100,000 or more) a year, lower than the Nevada average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Spring Valley, Nevada grew by 30.1% from 2009 to 2024, reaching $74,098 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Spring Valley
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.546 | 0.552 |
| Male Median Income | $58,729 | $62,240 | $69,667 |
| Female Median Income | $53,263 | $52,310 | $56,850 |
| Gender Pay Gap | 9.3% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Spring Valley, it is 0.534, lower than Nevada's 0.546, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 10% more than women's income in Spring Valley, Nevada. Over a 35-year career, a 10% wage gap accumulates to roughly $191,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spring Valley, Nevada has narrowed from about 21% to 9% in 2024. Over that period the gap was narrowest at 4% in 2022. In dollar terms, the gap has narrowed by $3,628 since 2009.
Employment
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.7% | 6.9% | 5.2% |
| Working from Home | 13.8% | 11.9% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 9,448 people are unemployed in Spring Valley, Nevada.
The average commute time in Spring Valley is 21 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spring Valley, Nevada has fallen from 10.0% to 7.7% in 2024. Over that period the rate peaked at 11.2% in 2013 and fell as low as 5.0% in 2019.
Spring Valley, NV Wealth Compared With Nearby Cities
Spring Valley, NV is the 3rd largest of the 6 cities compared here, 217,800 residents against a local median of 186,450. Nothing separates Spring Valley, NV sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is unemployment, 4% above the local median at 7.7% against 7.4%. Spring Valley, NV has the 4th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Spring Valley, NV | 217,800 | $74,098 #3/6 | 4.5%/yr #3/6 | 7.7% #4/6 | 0.534 #3/6 |
| Summerlin South, NV | 29,809 | $117,366 | 3.7%/yr | 3.1% | 0.517 |
| Enterprise, NV | 221,670 | $95,898 | 4.4%/yr | 6.3% | 0.522 |
| Paradise, NV | 186,450 | $58,596 | 4.3%/yr | 9.7% | 0.551 |
| Winchester, NV | 36,180 | $50,917 | 4.6%/yr | 8.9% | 0.544 |
| Las Vegas, NV | 628,856 | $73,149 | 4.7%/yr | 7.4% | 0.557 |
Conclusion
Considering all these factors, Spring Valley, Nevada has an overall wealth index grade of C, making it about on par with Nevada, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Spring Valley, Nevada.
How Rich Is Spring Valley, Nevada?
Spring Valley has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $74,098, about 6% lower than the Nevada average of $78,637.
Are incomes growing in Spring Valley, Nevada?
Between 2009 and 2024, the median household income in Spring Valley, Nevada rose 30%, from $56,936 to $74,098. Over the same years, income here lagged behind Nevada as a whole: +30% against +41%.
What was the median household income in Spring Valley in 2023?
In 2023, the median household income in Spring Valley, Nevada was $71,677, up 4% from $69,092 in 2022. The Nevada median that year was $75,604.
What was the median household income in Spring Valley in 2020?
In 2020, the median household income in Spring Valley, Nevada was $61,090. By 2024 it had risen 21% to $74,098.
What is the Gini coefficient in Spring Valley, Nevada?
The Gini coefficient in Spring Valley is 0.534. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Spring Valley, Nevada?
Since 2009, the income gap between men and women in Spring Valley, Nevada has narrowed from about 21% to 9% in 2024. Over that period the gap was narrowest at 4% in 2022. In dollar terms, the gap has narrowed by $3,628 since 2009.
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